Western Asset Mortgage Capital (WMC) Reports Q1 EPS of $0.23

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Western Asset Mortgage Capital Corporation Announces First Quarter 2016 Results

May 6, 2016 6:45 AM EDT

PASADENA, Calif., May 6, 2016 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) today reported its results for the first quarter ended March 31, 2016.

FIRST QUARTER 2016 HIGHLIGHTS

$0.45 per share common dividend declared GAAP net loss of $36.3 million, or $0.88 per basic and diluted share Core earnings plus drop income of $9.5 million, or $0.23 per basic and diluted share1,2 1.53% annualized net interest spread on our investment portfolio1,5 Constant prepayment rate on the Company's Agency RMBS portfolio of 7.1% for the quarter $10.90 per... More